Word: bhagwati
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Dates: during 1979-1979
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...could think of this as a last-ditch attempt to shore up international trade, but until it goes into effect it is too early to judge its impact," Jagdish Bhagwati, professor of economics at the Massachusetts Institute of Technology said yesterday...
...Bhagwati said the nations signed the agreement to ward off the protectionist sentiment in international trade and thereby increase productivity. The pact's effectiveness, however, will rely on trading countries' observance of its guidelines, he added...